Barbara Marcin of Mario Gabelli
's GAMCO funds was on Bloomberg to discuss her outlook for the U.S. markets based on current valuations. She thinks that markets are fairly valued and there is less room for growth.
-- Markets are fairly valued; there is some "mediocre value" in markets.
-- While there are number of positive things, we are sitting at the peak of earnings and with expected GDP growth of only 2%, it may be very hard to grow earnings much further.
-- Some point in time we will get the normal interest rates and that will further act as a headwind to the rise in the value of stocks.
Credit and source: www.bloomberg.com, Bloomberg
Here is the video:
About the author:
Dheeraj GroverI am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne